Volkswagen and Daimler Inspected by EU as Cartel Probe Widens
Volkswagen AG and Daimler AG were inspected by European Union antitrust investigators as the EU stepped up a probe into allegations the German car industry colluded on technology for decades.
Volkswagen said EU officials visited its Wolfsburg headquarters and its Audi unit鈥檚 offices in Ingoldstadt, Germany. Daimler received 鈥渁n announced visit鈥 from EU cartel investigators to its Stuttgart headquarters, spokeswoman Ute Wueest von Vellberg said by phone.
The European Commission said it carried out visits at the premises of several car manufacturers in Germany, accompanied by German antitrust officials. The inspections come days after BMW AG said it was raided as part of the same probe.
鈥淭he Volkswagen Group and the Group brands concerned have been cooperating fully and for a long time with the European Commission and have submitted a corresponding application鈥 that might allow it to receive a reduction in any eventual fines, the company said in an email. 鈥淚t is not yet clear whether the European Commission will instigate formal proceedings.鈥
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EU Competition Commissioner Margrethe Vestager said in September that her officials are checking whether 鈥渃ompletely legal cooperation鈥 between German car companies isn鈥檛 being confused with an illegal cartel. Her comments came after Germany鈥檚 Der Spiegel reported in July that talks on technical standards between Volkswagen AG, BMW and Daimler may have allowed them to collude on pricing.
EU regulators are concerned 鈥渢hat several German car manufacturers may have violated EU antitrust rules,鈥 the EU said in an emailed statement. It didn鈥檛 name the companies visited.
BMW said it was raided last week, in an inspection the EU said it started on Oct. 16, as regulators step up a probe sparked earlier this year.
Reuters reported the Daimler visit earlier.
Inspections allow EU officials to gather evidence, armed with wide powers to collect documents and copy hard drives. Companies can be fined if they seek to obstruct an antitrust inspection that can eventually lead to large fines for participating in a cartel to curb competition.
Daimler reported a possible cartel as part of the EU鈥檚 leniency program that allows firms to dodge fines for being the first in line to report wrongdoing, Chief Financial Officer Bodo Uebber said last week, confirming previous press reports.
The three carmakers worked together on a wide range of technology including discussing the size of tanks for AdBlue, a liquid that helps neutralize pollutants in diesel exhaust, according to Der Spiegel.
